September 7, 2010, Wuhan, Wuhan Telecommunications Devices Co. Ltd. (WTD), a leading trasnsceiver manufacturer with the longest history in China, today announnced that they received a nifty gift to celebrate the 30th anniversary of its establishment -- 42.5 million yuan ($6.26 million) as the first installment of added investment from its parent company, Wuhan Research Institute of Post and Telecommunications (WRI). At WTD’s 11th board meeting, it was decided that the money would be used to buy equipment for the development of 40G, 100G, and other high-end products and the hiring of additional expertise.
WTD expects this capital increment will lift the level of its product development and narrow the technological gap with the overseas companies with respect to the building of high-end platforms for such applications as 40G/100G, high-rate analog devices for 3G/LTE wireless communications, and optoelectronic integration. It is expected that the successful development of these products will bring in a sales volume of several billion yuan during WTD’s 12th Five-Year Program.
WTD reports that WRI has worked out a plan for continued capital injection in accordance with the specific operations of WTD, ensuring that it maintains its position in the industry in technology, marketing, and production scale and ranks among the top three global active device manufacturers in the 12th Five-Year Program period.